Stocks On The Move - July 17

Stocks Rising On Heavy Volumn:

• Mattel Inc. (MAT): maker of the famous Barbie doll was on the spotlight on Monday as its shares soared 10.83% to $17.6 per share after the company swung to a second quarter profit of $37.4 million or 10 cents per share compared to net loss of $94 million in the same quarter of previous year. The stock may be expecting some profit taking in the next few days yet for the long term the stock should be able to go up from now on. The stock was the second leading gainer on NYSE today with 8.2 million shares traded or four times average volumn.

Stocks Dropping On Heavy Volumn:

• Threshold Pharmaceuticals Inc. (THLD): shares of Redwood City, California based Cancer drug maker were cut in half to new low of $1.55 per share due to clinical trial failure of its prostate cancer drug. The stock in April was still trading at the $15 range but has loss 90% of its value. Bargain hunters may push the stock higher a little bit for the next few days. Yet with the stock so low the company is facing greater risk as it can no longer just rely on selling stock to cover the huge net loss.
• Spectrum Brands, Inc. (SPC): shares of Atlanta, Georgia based consumer products maker plunged 33.18% to new 52 weeks low of $7.15 per share after the company cuts fiscal 2006 forecast. Earlier in April the stock plunged 25% as the company at the time cuts its second quarter earning forecast. Now that everyone knows the company won't do well for the year maybe its the time to buy as all the bad news are out. The stock was the worst stock in NYSE today with 9.4 million shares traded.